Sunday, November 22, 2009

Kennedy issued his US Notes for much the same reason. On June 4, 1963, Kennedy signed Executive Order 11110, which authorized the US Treasury to issue a new form of silver certificate.

Kennedy issued $4,292,893,825 of cash money; free of debt and free of interest. It was a sufficient amount to allow the nation to operate without the private Federal Reserve. Just 5 months later, JFK was shot by the "crazed lone nut" Lee Harvey Oswald. Almost immediately after Kennedy's death, the US Notes were pulled out of circulation and destroyed except for samples in the hands of collectors.

A telling clue lies in the fact that the Warren Commission, now widely understood to have been a cover-up, counted among its seven members John J. McCloy, who had served as head of the World Bank and President of Chase Manhattan Bank. A rather odd resume for a man charged with investigating a murder, in hindsight!

Subsequent examination has shown that Kennedy's Executive Order 11110 was never rescinded. That would have taken an act of Congress, and in the atmosphere of near deification of JFK following his death, that would have brought more public attention to what Kennedy had wanted to do. So, the E.O. still stands.

I have written this commentary for two purposes. First, to remind President Obama that he already has all the authority he needs to order the US Treasury to start issuing currency. He just needs to pick up the phone or stroll through that tunnel and tell them to carry out Kennedy's EO 11110. Obama has that authority. He does not need Congress or anyone else's permission.

My second purpose is to send a message to the Federal Reserve. and that message is that if Obama does start issuing currency in accord with the Constitution and Kennedy's EO 11110, and anything happens to him (or for that matter to Ellen Brown), the owners of the Federal Reserve will be our first and most likely suspects.